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#Europe Markets: European stocks open sharply lower after Fed minutes

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“#Europe Markets: European stocks open sharply lower after Fed minutes”

European stocks opened Thursday with heavy losses, as overseas traders had their first opportunity to react to minutes from the last Federal Reserve interest-rate setting committee.

The Stoxx Europe 600
SXXP,
-1.19%
slumped 1.2% at the open, losing ground after the Fed minutes showed the central bank may start winding down its $8.9 trillion balance sheet soon after rates start being hiked.

The German DAX
DAX,

-1.20%

,
French CAC 40
PX1,

-1.43%

and U.K. FTSE 100
UKX,

-0.60%

each nursed similar losses.

Futures on the S&P 500
ES00,
-0.08%
and Nasdaq 100
NQ00,
-0.28%
edged lower after the big U.S. stock market selloff on Wednesday.

Steve Goldstein

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